Insider Selling: Facebook, Inc. (NASDAQ:FB) COO Sells $10,732,150.00 in Stock

Facebook, Inc. (NASDAQ:FB) COO Sheryl Sandberg sold 55,000 shares of Facebook stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $195.13, for a total value of $10,732,150.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Sheryl Sandberg also recently made the following trade(s):

  • On Tuesday, June 25th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $189.76, for a total value of $10,436,800.00.
  • On Monday, June 10th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $175.82, for a total value of $9,670,100.00.
  • On Wednesday, May 29th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $182.63, for a total value of $10,044,650.00.
  • On Tuesday, May 14th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $181.10, for a total value of $9,960,500.00.
  • On Tuesday, April 16th, Sheryl Sandberg sold 55,000 shares of Facebook stock. The shares were sold at an average price of $179.44, for a total value of $9,869,200.00.

Shares of NASDAQ:FB opened at $204.87 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 5.38 and a quick ratio of 5.38. Facebook, Inc. has a 52-week low of $123.02 and a 52-week high of $218.62. The firm has a fifty day moving average of $185.39. The stock has a market capitalization of $584.80 billion, a P/E ratio of 27.06, a P/E/G ratio of 1.25 and a beta of 0.97.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 24th. The social networking company reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($0.80). Facebook had a net margin of 33.17% and a return on equity of 23.67%. The company had revenue of $15.08 billion during the quarter, compared to analysts’ expectations of $14.97 billion. During the same quarter in the prior year, the company earned $1.69 earnings per share. The firm’s revenue was up 26.0% compared to the same quarter last year. Sell-side analysts forecast that Facebook, Inc. will post 8 EPS for the current year.

FB has been the topic of a number of analyst reports. Cleveland Research restated a “buy” rating on shares of Facebook in a research note on Monday, April 22nd. BidaskClub downgraded Walgreens Boots Alliance from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Deutsche Bank restated a “hold” rating on shares of Steel Dynamics in a research note on Thursday, June 27th. Needham & Company LLC reiterated a “strong-buy” rating on shares of Lumentum in a research report on Monday, March 18th. Finally, Barclays boosted their target price on T. Rowe Price Group from $90.00 to $95.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and forty-three have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $211.81.

Several large investors have recently modified their holdings of the company. Contravisory Investment Management Inc. increased its stake in Facebook by 153.2% in the fourth quarter. Contravisory Investment Management Inc. now owns 200 shares of the social networking company’s stock valued at $26,000 after purchasing an additional 121 shares during the last quarter. Whitnell & Co. acquired a new position in Facebook in the fourth quarter valued at $26,000. Jackson Grant Investment Advisers Inc. acquired a new position in Facebook in the fourth quarter valued at $31,000. Cordasco Financial Network increased its stake in Facebook by 70.0% during the second quarter. Cordasco Financial Network now owns 170 shares of the social networking company’s stock worth $33,000 after acquiring an additional 70 shares during the last quarter. Finally, Signet Investment Advisory Group Inc. acquired a new stake in Facebook during the fourth quarter worth about $39,000. Institutional investors and hedge funds own 61.73% of the company’s stock.

About Facebook

Facebook, Inc provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. The company's products include Facebook that enables people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Instagram, a community for sharing photos, videos, and messages; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices; and WhatsApp, a messaging application for use by people and businesses to communicate in a private way.

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Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

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